myFICO: Should I Consolidate My Student Loans?
By consolidating your student loans, you combine multiple loans into a single loan with a new interest rate, repayment terms, and lower payment.
- By consolidating your student loans, you combine multiple loans into a single loan with a new interest rate, repayment terms, and lower payment.
- Here are some key factors to consider that may help you determine whether you should consolidate your student loans, from myFICO.
- Private student loan consolidation can be used for both Federal and private student loans.
- However, if you consolidate with a longer repayment term, repaying your student loans could become more costly overall.